F1’s Team Lotus Acquires British Sportscar Maker Caterham

The owners of Formula One Team Lotus announced today the acquisition of lightweight sportscar manufacturer Caterham, for an undisclosed sum from the shareholder consortium led by Corven Ventures.

Based in England, Caterham has made a name for itself for building the Seven, a lightweight two-seater sports car that was designed by Lotus founder Colin Chapman and who sold the rights of the car to Caterham in 1973.

Team Lotus chiefs Tony Fernandes, Kamarudin Meranun and SM Nasarudin said in a statement that the company plans to expand Caterham’s profile and product family while also continuing the development of the Seven.

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VIDEO: Lotus Renault F1 Driver Vitaly Petrov’s Yee-Haw! Moment at the Malaysian Grand Prix

It was only a matter of time before someone edited a video of Vitaly Petrov’s spectacular exit from last week’s Malaysian Grand Prix. The Russian pilot of the Lotus Renault F1 team ran too wide at a turn near the end of the race and as he tried to get inside the track again, he hit a bump on the grass that launched the race car high into the air.

The maker of the video thought the scene with the F1 car going airborne looked a lot like something you’d see in The Dukes of Hazzard, hence the audio background. For Petrov, the incident wasn’t as funny as the impact resulted in a broken steering column mount that forced him to retire from the race. Enjoy the clip after the break.

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